Summary:

The Vadhvan Port Project, India's largest port, plans to borrow Rs. 30,000 crore (US$ 3.46 billion) in long-term financing from both onshore and offshore markets. The Rs. 78,057 crore (US$ 9 billion) project, led by JNPA (74%) and Maharashtra Maritime Board (26%), aims to finish by the end of the decade with a capacity of 23 million containers. IDBI Capital is advising on a first investment round of Rs. 22,000 crore (US$ 2.54 billion), with partners contributing Rs. 13,000 crore (US$ 1.5 billion) of equity. The port will recover 1,200 hectares, accommodate the world's largest ships with 20-meter depth, and act as a critical node in the India-Middle East-Europe Corridor. It aligns with the government's marine infrastructure goals and is supported by the marine Development Fund.

Source: IBEF

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